Delhi drives push for electric vehicles in India (8/31)

While countries in Europe and elsewhere have focused their EV subsidy efforts on car drivers, India has earmarked subsidies for 1m electric two-wheelers and 500,000 three-wheeled rickshaws, as well as 7,000 buses. 

The plan envisages subsidies for only 55,000 cars — and they must be taxis or other fleet vehicles, not private cars. The market is being pursued aggressively by local Uber rival Ola, which this month raised $58m for its new electric mobility unit from investors including its US backer Tiger Global.